Resolved: In respect of Tong Street A650 Highway -
That following a recommendation from the Investment Committee, the Combined Authority approves:
(i) That the Tong Street A650 Highway scheme proceeds through decision point 3 (outline business case) and work commences on activity 4 (full business case).
(ii) That an indicative approval to the Combined Authority’s contribution of up to £20 million to be funded through the West Yorkshire plus Transport Fund be given, with full approval to spend being granted once the scheme has progressed through the assurance process to decision point 5 (full business case with finalised costs). The total project cost is estimated to be up to £24.49 million.
(iii) That additional development costs of £2.53 million be approved in order to progress the scheme to decision point 4 (full business case), taking the total scheme approval to £2.715 million.
(iv) That the Combined Authority enter into an addendum to the existing funding agreement with Bradford Council for expenditure of up to £2.715 million from the West Yorkshire plus Transport Fund.
(v) That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report including at decision point 4 and 5 through a delegation to the Combined Authority’s Managing Director following a recommendation by the Combined Authority’s Programme Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in the report.